S&P 500 4239,18 +19,63.
The stock market shrugged off the bad CPI number and resumed its advance. The word inflation is making the headlines everywhere and each economist has its own scenario. We’ll come back on this subject. Daily indicators painted a mixed picture: we observed some selling pressure as measured by our buying/selling index but our fear/greed index continues to slide towards the greed zone and is soon going to raise a red flag. On the other hand, options activity is moderate and we observed some cautiousness in some put/call ratios.
|Very short term oscillator||Positive +|
|Short term oscillator||Positive +|
|RVI trend||Positive +|
|Trend short term (5 days)||Up |
|Trend mid term (8 days)||Up |
|Differential of trends||Up |
|Risk profile6||73 (scale of 1 (low risk) to 100 (high risk))|